IFSC Code of Idbi, Maharashtra, Mumbai, Corporate Centre Mumbai

IBKL0000098

Idbi

Idbi

IFSC Code

IBKL0000098
MICR Code

380259111
Bank Name Idbi
District Mumbai
State Maharashtra
Address Idbi Towers World Trade Center Complex Cuffe Parade, Colaba Mumbaipin 400005
Phone +912256119631

UPI

Available

NEFT

Available

RTGS

Available

IMPS

Available

IFSC Code of the Idbi Branch Near You

List of all Idbi Branch IFSC Code

Andheri

IBKL0000039

MARIGOLD HOUSE, PLOT NO A 34,CROSS ROAD NO 2, MAROL, MIDC, ANDHERI E
Andheri Corporate Banking Branch

IBKL0000386

OPUS CENTREPLOT NO 47 OPP TUNGA PARADISE CENTRAL ROAD MIDC ANDHERI EAST MUMBAI 400 093
Andheri West

IBKL0000174

1ST FLOOR GOPI CHAMBERS NEW LINK ROAD OPPOSITE CITIMALL ANDHERI WEST MUMBAI 400 053
Asset Recovery Br Mumbai

IBKL0000672

VENKATESH CHAMBERS, 1ST FLOOR, PRESCOT ROAD,FORT MUMBAI MUMBAI400001
AzadNagar Branch

IBKL0000619

DEV PRESTIGE BUILDING, AZADNAGAR COOPERATIVE HOUSING SOCIETY,VEERA DESAI ROAD,ANDHERI W-400058
Bandra

IBKL0000611

UTSAHI BLDG REBELLOW ROAD NEAR MOUNT MARY STEPS GROUND FLOOR BANDRA WEST PINCODE 400050
BelaPur

IBKL0000183

IDBI BUILDING, PLOT NO 39 40 41, SECTOR 11, CBD BELAPUR, NAVI MUMBAI 400614 , MAHARASHTRA
Bkc

IBKL0001000

PLOT NO C 7, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI 400051
Borivali

IBKL0000059

KAUSTUBH PARK NEXT TO BHAGWATI HOSPITALMANDAPESHWAR ROAD BORIVALI W
Borivali

IBKL0000571

STAR APARTMENT S V ROAD NEW BORIVALI POLICE STATION OPP SBI BORIWALI WEST MUMBAI PINCODE 400092
Borivali East

IBKL0002016

HEMGIRI CHS LTD GIRIVIHAR NAGAR SANT DHYANEHSWAR RD BORVALI EAST MUMBAI 400066
Capital Market Operations Cpu

IBKL000ASBA

CAPITAL MARKET SERVICES,BELAPUR CPU,ANNEX BUILDING,PLOT NO 39 40 41,SECTOR 11,CBD BELAPUR
Central Accounting Cell Head Office

IBKL0000798

IDBI TOWER, 7TH FLOOR, CUFFE PARADE, MUMBAI 400 005
Chembur

IBKL0000018

SHOP 12 16, SUNNY ESTATE II,SION TROMBAY ROAD, CHEMBUR,
Cms

IBKL0000998

ELEMACH BLDG, LOT 82 83, ROAD NO 7, STREET NO 15, MIDC, ANDHERI EAST, MUMABI 400093
Cpu Andheri East

IBKL00CARDS

ELEMECH BUILDING PLOT 82 83 ROAD 7 STREET 15 MIDC ANDHERI EAST MUMBAI 400093
Currency Chest Bkc

IBKL0009003

PLOT NO C 7, G BLOCK, OPPOSITE BSE, BKC, BANDRA E , MUMBAI 400051
Dadar

IBKL0000501

BEDEKAR SADAN, N C KELKAR ROAD,, DADAR WEST , PINCODE 400028
Dadar Xiv

IBKL0000454

19 A, RAJARAM ESTATE, I FLOOR, NAIGAUM CROSS ROAD,, NEAR DADAR RLY STATION, MUMBAI, PINCODE 400014
Dahisar

IBKL0000680

SHOP NO A-1, TANVI COMPLEX, TANISHKA BUILDING, NEAR HP PETROL PUMP, OPP THAKUR COLLEGE, S V ROAD, DAHISAR EAST, MUMBAI PIN- 400068,MAHARASHTRA
Deonar

IBKL0000765

DEONAR BRANCH UNIT NO 1 SAFAL PRIDE SION TROMBAY ROAD DEONAR MUMBAI 400088
Drd

IBKL0000796

IDBI TOWER WTC COMPLEX CUFFE PARADEMUMBAI 400005
Etpc

IBKL0009990

MITTAL COURT,C WING,2ND FLOOR,NARIMAN POINT,MUMBAI,MAHARASHTRA PIN 400021
Fort

IBKL0000452

VENKATESH CHAMBERS PRESCOT ROAD P B NO 714 FORT MUMBAI PINCODE 400001
Ghatkopar

IBKL0000033

SHOP NO 2 , GR FLOOR , VALLABH VIHARM G ROAD , GHATKOPAR EAST
Ghodbunder

IBKL0000430

SHOP NOS 2 3 4 and 5 PRIDE PARK OPP LAWKIM COMPANY GHODBUNDER ROAD MANPADA THANEPIN 400 607 MAHARASHTRA
Girgaon

IBKL0000453

1ST FLOOR HANUMANT BHAVAN JAGANNATH SHANKAR SHETH ROAD THAKURDWAR GIRGAON MUMBAI PINCODE 400002
Goregaon Mumbai

IBKL0000539

10 JAIPRAKASH NAGAR OPP SONAL APARTMENT ROAD NO 2 GOREGAON EAST MUMBAI PINCODE 400063
Goregaon W

IBKL0000691

SHOP NO7,RUSTOMJEE OZONE,LAXMI SINGH COMPLEX,NEAR MTNL,GOREGAON W MUMBAI 400062
Head Office Santacruz

IBKL0100AC1

LP,NE,MMB429
Idbi Extn Counter

IBKL0000906

IDBI TOWERS, 1ST FLOOR, WORLD TRADE CENTRE CUFFE PARADE, MUMBAI 400005
Idbi Imps

IBKL0009998

ITD, PLOT NO A 34, CROSS ROAD NO 2, MAROL, MIDC, ANDHERI EAST , MUMBAI 400 093
Jaslok Extn Counter

IBKL0000902

JASLOK HOSPITAL, DR G DESHMUKH MARG MUMBAI 400 026
Jogeshwari

IBKL0002370

IDBI BANK LTD,FLEXCEL PARK,D-001,GR.FLOOR,S.V.ROAD,OPP MILLAT HIGH SCHOOL,JOGEHSWARI WEST,JOGESHWARI,MUMBAI 400102
Jvpd, Juhu

IBKL0000748

MEGHNA PLOT 11 NUTAN LAXMI CHSROAD NO 10JVPD SCHEMEVILE PARLE W MUMBAI 400049
Kalbadevi

IBKL0000100

PAI RESTAURANT,CORNER OF COLLEGE RD and SAMADEVI RD
Kalina Santacruz

IBKL0000203

DIAMOND ESTATE UNIT NO 1 and 2 B WING GROUND FLOOR CST ROAD KALINA SANTRACURZ E MUMBAI MUMBAI
Kandivali

IBKL0000656

A3 23 SARAF CHAUDHARI NAGAR THAKUR COMPLEX KANDIVALI EAST PINCODE 400101
Kandivali ,west

IBKL0000190

SHOP NO. 1,2,3, FLAT NO. 2, KAKAD KUNJ CHS,OFF. BHATT LANE, NEAR M.K.N. BHATIA HIGH SCHOOL & JR. COLLEGE,KANDIVALI WEST,MUMBAI PIN.400067,MAHARASHTRA
Khar

IBKL0000014

DHARMI NIWAS PLOT N0 77R K MISSION MARG KHAR
Kurla Branch

IBKL0002307

GAGAN 138,BLDG NO 138,SARITA VIDYA MAHAL CHSL,NEHRU NAGAR,KURLA EAST
Lic P And Gs

IBKL0004LIC

1ST FLR EAST WING P&GS MDO 1 LIC,YOGAKSHEMA BLDG JB MARG NARIMAN POINT-400021
Lower Parel

IBKL0000559

HARSHAD, 72 74 74A,, N M JOSHI MARG,, LOWER PAREL,, PINCODE 400013
Lower Parel West Mumbai

IBKL0000187

TRADEVIEW, OASIS COMPLEX, KAMALA MILLS COMPOUND, PB MARG, LOWER PAREL W , MUMBAI 400 013
Mahape

IBKL0001110

TECHNOCITY BLDG GRD FLRPLOT NO X 41 and 42TTC INDUSTRIAL AREAOPP MILLENIUM BUSINESS PARKMAHAPENAVI MUMBAI 400710
Mahesh Sahakari Bank Ltd

IBKL0726MCB

MAHESH SAHAKARI BANK LTD PUNE, 299, KALBADEVI ROAD, OPP SWADESI MARKET, KALBADEVI, MUMBAI 400 002
Mahim

IBKL0000767

IDBI BANK LTDASHFORD CHAMBERS CITYLIGHT OPP GOPI TANK MARKET LJ ROAD MAHIM MUMBAI 400 016
Main Branch Mumbai

IBKL0000126

WORLD TRADE CENTRE GROUND FLOOR CUFFE PARADE MUMBAI 400 005
Malad

IBKL0000125

IDBI TOWERS GROUND FLOORWTC COMPLEX CUFF PARADE
Malad

IBKL0000601

103 MAMLATDAR WADI GROUND FLOOR MALAD WEST PINCODE 400064
Mangal Co Operative Bank Limited Dahisar East

IBKL0691M04

BLDG NO 30,SHAKTI NAGAR VAIBHAV CO OP HSG SOC LTD,CHHATRAPATI SHIVAJI COMPLEX,SHAKTINAGAR,DAHISAR EAST ,MUMBAI 400068
Mangal Co Operative Bank Limited Goregaon West

IBKL0691M01

PLOT NO 168,JWAHAR NAGAR,GOREGAON WEST MUMBAI 400062
Mangal Co Operative Bank Limited Kandivali East

IBKL0691M03

SHOP NO 59and 60,A 7,SARAF CHOUDHURY NAGAR CHS LTD 13,THAKUR COMPLEX,KANDIVALI EAST ,MUMBAI 400101
Mangal Co Operative Bank Limited Malad West

IBKL0691M02

SHOP NO 4,DHEERAJ GANGA BUILDING CHINCHOLI BUNDER ROAD MALAD WEST ,MUMBAI 400064
Marol Mumbai

IBKL0000552

PLOT NO L MUKUNDNAGAR ANDHERI KURULA ROAD MAROL ANDHERI EAST PINCODE 400059
Mulund E

IBKL0000587

KISHORE BLDG, DESAI WADI,, GOPAL KRISHNA GOKHALE MARG,, MULUND EAST , PINCODE 400081
Mumbai Currency Chest

IBKL0000971

GLOBE TRADE BASEMENT, PROCESS HOUSE, KAMALA CITY, LOWER PAREL W , MUMBAI 400013
Nana Chowk

IBKL0000166

GROUND FLOOR, KAILASH DARSHAN BUILDING, SHANKAR SHETH ROAD,KENNEDY BRIDGE,NANA CHOWK, MUMBAI
Nariman Point

IBKL0000004

MITTAL TOWER, C WING,GR FLOOR,NARIMAN POINT,
Nariman Point

IBKL0100AC4

AIR INDIA BLDG,2ND FLOOR,NARIMAN POINT,MUMBAI 400021
Near Mulund Railway Station Mulund West Mumbai

IBKL0000173

BODKE BUILDING,N S ROAD, NEAR MULUND RAILWAY STATION,MULUND WEST ,MUMBAI,400080
Nec Sahar

IBKL0100AC5

NACIL I ,SAHAR,MUMBAI 400099
Niptc Sahar

IBKL0100AC6

NEAR CHHATRAPATI SHIVAJI INTERNATIONAL AIRPORT,SAHAR,MUMBAI 400099
Ntb Santacruz

IBKL0100AC3

SANTACRUZ AIRPORT,VILE PARLE EAST,MUMBAI 400099
Old Airport Santacruz

IBKL0100AC2

LP,NE,MMB429
Oshiwara

IBKL0002093

NO 2 7 SAMARTH VAIBHAV CHS LTD OFF NEW LINK ROAD LOKHANDWALA COMPLEX ANDHERI WEST
Parel Lalbaug

IBKL0000726

SHOP NO 1 CENTRE POINT DR BABASAHEB AMBEDKAR ROAD OPP BHARATMATA CINEME PAREL LALBAUG MUMBAI 400012
Powai

IBKL0000237

JHEEL DARSHAN, MHADA COMPLEX,A S MARG POWAO TO ANDHERI ROAD POWAIMUMBAIMAHARASHTRA400076
Prabhadevi

IBKL0000026

KOHINOOR BLDG VEER SAVARKAR MARG PRABHADEVI
Prabhadevi

IBKL0000579

SILVER APARTMENTS SHANKAR GHANEKAR MARG PRABHADEVI PINCODE 400028
Progressive Co Operative Bank Ltd Dadar

IBKL0454PC3

3DYN DVUHDDDSU44
Progressive Co Operative Bank Ltd Head Office

IBKL0454PC1

2TRUZGURRRTUB
Progressive Co Operative Bank Ltd Kalbadevi

IBKL0454PC5

1 1IDIGDDJGKD IGYII2
Progressive Co Operative Bank Ltd Mulund

IBKL0454PC4

C 1LYGC KMLML48
Progressive Co Operative Bank Ltd Sion

IBKL0454PC2

LTN94 95,1STFLR,RUAMBUILDING,SINCIRCLE,SINEAST,MUMBAI400022
Retail Asset Worli

IBKL0000855

RAC WORLI E MOSESRD 1ST FLOOR HANSRAJ PRAGJI BUILDING WORLI MUMBAI MAHARASHTRA
Retail Asset Andheri

IBKL0000805

MIDC ANDHERI, RAC MARIGOLD HOUSE PLOT NO A 34 CROSS ROAD NO MAROL MIDC, ANDHERI EAST
Retail Asset BelaPur

IBKL0000834

BELAPUR,RAC ,GR FLOOR, IDBI BLDG ,PLOT NO 39 40 41, SECTOR 11,OPP CBD BELAPUR STATION, CBD BELAPUR,NAVI MUMBAI   PIN 400614
Retail Asset Borivali

IBKL0000839

RETAIL ASSET CENTRE67BHOOMI SARASWATI1ST FLOOR GANJAWALA LANEOFF S V RDBORIVALI W MUMBAI 400092
Retail Asset Deonar

IBKL0008001

SAFAL PRIDE, 1ST FLOOR, SION TROMBAY ROAD, OPP PUNJAB WADI BUS STOP, DEONAR, MUMBAI 400088
Retail Assets

IBKL0000096

TRIBHUVAN BUILDING, VIJAY VALLABH CHOWKPYDHONI, 1 3, KALBADEVI ROAD
Rtgs Cell

IBKL0000999

CENTRAL ROAD, MIDC PLOT NO 82 83, ROAD NO 7, STREET NO 15, ANDHERI EAST, MUMBAI 400093
Rtgs Cell

IBKL0NEFT01

CENTRAL ROAD, MIDC PLOT NO 82 83, ROAD NO 7, STREET NO 15, ANDHERI EAST, MUMBAI 400093
Ruia College Extn

IBKL0000921

UWB RRC EXT COUNTER UNDER DADAR14, RUIA COLLEGE BLDG , LAKHAMSI NAPPU RD MATUNGA, DADAR, PINCODE 400019
Service Branch Mumbai

IBKL0000995

MITTAL COURT, A WING, 2ND FLOOR, NARIMAN POINT, MUMBAI 400 021
Sindhudurg Co Operative Bank Ltd

IBKL0726SCB

HARHARWALA BUILDING NO 1, SANE GURUJI MARG, LALBAUG, MUMBAI 400 012
Sion West

IBKL0000188

THE ANGELE EDUCATIONAL TRUST 267SULOCHANA SHETI MARG SION WEST MUMBAI 400 002
Specalised Corporate Branch Bkc

IBKL0001001

IDBI BANK LIMITED, SPECALISED CORPORATE BRANCH, OPPOSITE NATIONAL STOCK EXCHANGE, BANDRA KURLA COMPLEX, BANDRA EAST , MUMBAI 400051
State Transport Bank Kurla

IBKL0617S08

S T DIVISIONAL OFFICE,KURLAKIROL ROAD KURLA WEST400086
StatetransportcoopBank Mumbai

IBKL0617S50

MAHARASHTRA VAHATUK BHAVAN,DR ANANDRAO NAIR MARG,OPP MUMBAI CENTRAL RLY STATION 400008
Thakur Village Kandivali

IBKL0000897

GR FLOOR, VISHNU SHIVAM MALL,THAKUR VILLAGE, KANDIWALI EAST, MUMBAI
The Maharashtra Mantralaya And Allied Offices Co Op Bank Ltd

IBKL0004MCB

ADW,PJUL,PT,U 21
The Mogaveera Co Op Bank Ltd Andheri East Branch

IBKL0452M58

REBELLO HERITAGE,GUNDAVALI VILLAGE,AZAD ROAD,ANDHERI EW ,MUMBAI 400 069
The Mogaveera Co Op Bank Ltd Andheri West Branch

IBKL0452M53

FLOWER QUEEN,VEERA DESAI ROAD,ANDHERI W ,MUMBAI 400 058
The Mogaveera Co Op Bank Ltd Borivali Branch

IBKL0452M56

UNIT 1 and 3,NAV MANMANDIR CHS LTD,1ST FLOOR,EKSAR ROAD,OPP EKSAR TALAV,BORIVALI W ,MUMBAI 400091
The Mogaveera Co Op Bank Ltd Dombivali Branch

IBKL0452M62

103 106,SAROJA ARCADE,1ST FLOOR,PATKAR ROAD,OPP RAILWAY STATION,DOMBIVALI E ,THANE 421 201
The Mogaveera Co Op Bank Ltd Fort Branch

IBKL0452M52

A 3,GROUND FLOOR,30 36 TAMARIND HOUSE,TAMARIND LANE,OPP PURNIMA HOTEL,FORT,MUMBAI 400 023
The Mogaveera Co Op Bank Ltd Ghatkopar Branch

IBKL0452M57

KAVITA CO OP HSG SOCIETY LTD R B MEHTA MARG,GHATKOPAR E ,MUMBAI 400 077
The Mogaveera Co Op Bank Ltd Goregaon Branch

IBKL0452M54

KIRAN INDUSTRIAL ESTATE,M G ROAD,GOREGAON W ,MUMBAI 400 062
The Mogaveera Co Op Bank Ltd Kandivali Branch

IBKL0452M59

RAM KRUPA,DEVJI BIMJI LANE,MATHURADAS ROAD,KANDIVALI W ,MUMBAI 400 067
The Mogaveera Co Op Bank Ltd Kurla Branch

IBKL0452M55

7,8,9 NEW DWARKAPURI,KAILASH CHOWK,L B S MARG,NEAR SHEETAL CINEMA,KURLA W ,MUMBAI 400 070
The Mogaveera Co Op Bank Ltd Sakinaka Branch

IBKL0452M60

G 18and G 19,PRANIK CHAMBERS,SAKI VIHAR ROAD,OPP ANDHERI KURLA ROAD,SAKI NAKA,MUMBAI 400 072
The Mogaveera Co Op Bank Ltd Vikhroli Branch

IBKL0452M61

23 24,INDRAPRASTHA INDUSTRIAL ESTATE,HARIYALI,L B S MARG,VIKHROLI W ,MUMBAI 400 079
The Naval Dockyard Co Operative Bank Ltd Ghatkopar

IBKL0452ND3

EIIIBVEDEKUBI86
The Naval Dockyard Co Operative Bank Ltd Nt Pool

IBKL0452ND6

WROBUBI
The Naval Dockyard Co Operative Bank Ltd Powai

IBKL0452ND2

SY,BSM,M,MMB478
The Naval Dockyard Co Operative Bank Ltd Trombay

IBKL0452ND5

NAVAL ARMAMENT DEPOT TROMBAY,MUMBAI 400088
The Naval Dockyard Co-op Bank Ltd Ins Hamla Branch

IBKL0452ND7

HAMLA BAZAR-II,NEXT TO UNION BANK OF INDIA,INS HAMLA,MARVE ROAD,MALAD W ,MUMBAI - 400 095
Truner Road, Bandra W , Mumbai

IBKL0000175

HEMENDRA CHANCHLANI IDBI BANK MANGAL DARSHAN 14 TRUNER ROAD BANDRA W MUMBAI 4000050
Vashi

IBKL0000650

SHABI COMPLEX,, SECTOR NO 12,, VASHI, PINCODE 400705
Versova

IBKL0000162

NEW COSMOS CHS, MAIN SAI RD JUHU VERSOVA
Vidyavihar

IBKL0001472

KARM SANKALP BLDG PLOT NO 51,ROAD NO 7,VIDYAVIHAR EAST MUMBAI 400077
Vile Parle

IBKL0000492

BHIDE BUNGALOW,, 37, MAHATMA GANDHI ROAD,, VILEPARLE EAST , MUMBAI, PINCODE 400057
Vile Parle W

IBKL0000181

185A BHAVANA APTS S V ROAD OPP GTC FACTORY VILE PARLE WEST MUMBAI 400 056
Vima Kamgar Co Operative Bank Ltd Santacruz

IBKL0452VK3

NEW INDIA BLDG,SV ROAD SANTCRUZ MUMBAI 400058
Wadala

IBKL0001487

UNIT NUMBER 5,WADALA UDYOG BHAVAN,NAIGAON CROSS ROAD,WADALA,MUMBAI400031
Warden Road

IBKL0000019

TIRUPATI APARTMENTSBHULABHAI DESAI ROAD
World Trade Centre Complex, Cufe Parade, Mumbai

IBKL0000701

SHRI PRADIP ROY 9TH FLOOR IDBI TOWER WORLD TRADE CENTRE COMPLEX CUFE PARADE MUMBAI 400005

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code issued by the Reserve Bank of India to every bank branch in India. This code is used to uniquely identify each branch and facilitates easy electronic payments. In the Indian banking system, the IFSC code is essential for smooth electronic transactions like NEFT, RTGS, and IMPS. Each IFSC code is specifically assigned to a branch, making it easily identifiable and ensuring every transaction is executed perfectly.

IFSC Code Structure

The IFSC code is an 11-character code that follows the structure below:

  • First Four Characters: Alphabets indicating the bank's name. In "BANK0123456," "BANK" signifies the bank.
  • Fifth Character: This is always '0' (zero), reserved for future use to ensure flexibility.
  • Last Six Characters: Either alphabets or numbers characterizing the specific branch of the bank.

Example: In the IFSC code "SBIN0016654," "SBIN" identifies the bank, and "016654" identifies the branch. This unique format makes every branch easily identifiable.

How to Obtain the IFSC Code

Finding an IFSC code is easy. Here are a few methods:

  • Cheque Book: Look at the upper-left section of the cheque leaves issued by the bank for your IFSC code.
  • Bank Passbook: The IFSC code is also provided on the first page of the bank passbook given when you open an account.
  • Official Website of the Bank: Nearly all banks offer an online search facility where you can find the IFSC code of their branches.
  • Online Banking Portals: Within online banking services, you can find the IFSC code for your branch or any other.
  • Mobile Banking Apps: Most banking apps have an option for branch details, where you can check the IFSC code.
  • RBI Website: The Reserve Bank of India maintains a comprehensive list of all banks and their branches with their respective IFSC codes.
  • Third-Party Websites: Some third-party websites that offer fund transfer services provide the IFSC code based on the bank and branch name.

Why is the IFSC Code Important in Fund Transfers?

The IFSC code is crucial for various electronic fund transfers. Here’s how it is used in different payment systems:

  • NEFT (National Electronic Funds Transfer): IFSC Codes facilitate the transfer of funds from one bank account to another in India, ensuring transactions are forwarded to the right bank and branch smoothly and without mistakes.
  • RTGS (Real-Time Gross Settlement): For high-value transactions, the IFSC code ensures secure and instant monetary transfers through real-time gross settlement.
  • IMPS (Immediate Payment Service): The IFSC code enables instant fund transfers, especially between different banks. IMPS operates 24/7, and the IFSC code ensures the transaction is directed to the correct branch instantly.
  • Error Prevention: Using the correct IFSC code reduces the chance of remitting money to the wrong account due to an incorrectly entered IFSC code. It acts as a control checkpoint to ensure the transaction is being sent to the intended recipient's bank branch.

What is the Use of an IFSC Code?

The IFSC code has numerous uses within the banking system:

  • Enable Electronic Transfers: IFSC codes are essential for electronic transactions such as NEFT, RTGS, and IMPS. No transaction can be made without this code.
  • Unique Identification of Bank Branch: Every IFSC code uniquely identifies a particular bank branch to ensure transactions reach the right destination.
  • Ensures Risk-Free Transactions: The IFSC code ensures that money reaches the correct bank and branch, eliminating errors in the transaction process.
  • Enables Online Banking: IFSC codes are crucial when adding a new beneficiary in online banking systems, ensuring the correct routing of funds.

Importance of Loan and Interest Calculator

Calculators are indispensable tools for financial planning, helping users make informed decisions. Here are some of the most commonly used types:

Loan Calculators

  • Loan Calculator Vehicle: Helps determine monthly payments for vehicle loans.
  • Loan Calculator 30 Year: Calculates monthly payments for a 30-year loan term.
  • Loan Calculator Yearly Payment: Provides an annual breakdown of loan payments.
  • Loan Calculator VA: Tailored for VA loans, assisting veterans in calculating their mortgage payments.

EMI Calculators

  • EMI Calculator for Home Loan: Calculates the Equated Monthly Installment (EMI) for home loans.
  • EMI Calculator US: Designed for users in the US to compute their home loan EMIs.
  • EMI Calculator on Home Loan: Another tool for calculating home loan EMIs, ensuring accurate monthly payment estimates.

Interest Calculators

  • Interest calculator yearly: Calculates the annual interest on loans or investments.

SIP Calculators

  • SIP Calculator India: Designed for Indian investors to calculate returns on Systematic Investment Plans (SIPs).
  • SIP Calculator Return: Estimates the returns on SIP investments.
  • SIP Calculator Mutual Fund: Calculates potential returns from mutual fund SIPs.
  • SIP Calculator Months: Provides monthly breakdowns of SIP investments.
  • SIP Calculator Online: An online tool for calculating SIP returns.
  • SIP Calculator Yearly: Offers yearly projections of SIP returns.

PPF Calculators

  • PPF Calculator India: Calculates returns on Public Provident Fund (PPF) investments in India.
  • PPF Generator: Generates detailed reports on PPF investments.
  • PPF Calculator 15 years: Estimates returns over a 15-year period.
  • PPF Calculator 30 years: Projects returns over a 30-year period

Conclusion

The IFSC code is a vital part of the Indian banking world, ensuring safe and easy online fund transfers. Whether you are doing NEFT, RTGS, or IMPS, the IFSC code ensures that your money reaches its intended destination. It is also significant in handling cheques, where the MICR code plays an important role. Together, these codes are crucial in enabling the smooth operation of banking transactions. Understanding their importance and correct use is indispensable for anyone dealing with electronic transactions in India.

Frequently Asked Questions

The IFSC code ensures the correct routing of electronic fund transfers to the concerned bank's particular branch, reducing errors and making transactions secure.

The IFSC code can be found on the bank's checkbook, passbook, official website, RBI website, or mobile banking application.

No, different branches of every bank have different IFSC codes to identify each branch correctly for internet-based transactions.

If you enter the wrong IFSC code while transferring funds, the transaction may be declined or sent to the wrong bank. Immediately contact your bank to rectify the issue.

The IFSC code comprises 11 characters: the first four characters represent the bank, the fifth is '0', and the remaining six describe the specific branch.

No, the IFSC code is designed for domestic electronic fund transfers in India. International transactions are made using SWIFT codes.

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